Retirement is an extremely delicate age and if care is not taken it may be the age of hunger and starvation for some and at the same time for some other set of people it is the age of complete relaxation and fun, it all boils down to how prepared we are before the age of retirement.
The way you lay your bed is the way you will lie on it.
There is no perfect age for retirement just as there is also no perfect time for retirement.
The quote above is an absolutely perfect description for retirement, at a young age when we have the total strength and muscle to work, we have to start preparing for what the age of retirement will look like. Planning is extremely important and a young age is the best time to begin planning for the time when we are going to retire.
There are different income sources for retired workers depending on the country of your location, you surely want to find out where your retirement funds will be coming from and while you are at it you also want to be smart enough not to just completely rely on what will be coming from the purse of the government but you want to put in some personal investment funds that will as well guarantee that your income as a retiree is sure.
After planning for your retirement, you want to be extremely careful about the type of lifestyle that you are living. It is advisable to lock up your retirement fund in an account that you cannot just deep your hands into but a rather safe and interest yielding place, with this you can continue to make money and live a normal life while you grow your retirement account also. I must also not forget to mention that when you retire, you should not start living a flamboyant lifestyle with the retirement funds you have because this habit will quickly send you back to seeking a job again instead just maintain a humble means of livelihood.
Set up a saving account, a savings account will become easily accessible to you by the time that you retire, it is wise to figure out a type of savings account that will be of an extremely good benefit to you during the season of retirement when you need it the most.
It is easy to say the age we want to retire but before the retirement process comes, there needs to be an answered question about if our finance is ready for retirement also.
I believe that the age at which we retire is not the age that determines how much we should work, but rather the time when we want to rest.
The workforce of retired people in their areas of work is getting bigger every day, since the market has expanded due to technical advances and also due to the fact that those who are used to being active will not be able to stop being active.
Certainly it is always good to set long term goals but as a popular adage says, every age has its advantages.
I sincerely appreciate the feedback @joseph1956 thank you for the comment
Thinking about Retirement is something that as we advance in years we do more frequently, not because we are lazy to work, but because preparing for that moment and being financially prepared is the ideal, but you have to work on it from a young age.Hi @mojubare.
That is the point @josevas217 to get a good life after retirement plan needs to be made towards it from a young age.
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Preparing for the age of retirement is very important and when good plan is put in place before there is a final retirement, it makes the entire retirement age more simplified.
Hello friend, it is an important issue, many people do not think about it, it is only until they see themselves getting older that they take it into account, but the reality is that we must do something about it while we are young, to see for our future is the best option. There are countries that do not even take you into account after a certain age, so you can not leave your life in the hands of a government, you must work intelligently to have a quality old age. Greetings!
True words, some countries care less about the age so the truth is our future is most likely in our palms.
Retirement is a whole process, since it changes both the economic and emotional part, the routine is lost and there are people who become sad because they feel they can no longer do anything and that can lead to illness. It is necessary to be prepared in these two aspects to be able to continue enjoying life. Greetings